How to Buy Crypto with Trading 212

How to Buy Crypto with Trading 212

In this guide, we outline why Trading 212 has stopped offering cryptocurrency investing services and what the best alternative is to start trading in the UK and Europe.

Summary: Trading 212 does not currently offer Bitcoin and cryptocurrency trading on its platform after suspending it in 2021. This means that users cannot buy, sell, stake or trade digital assets like Bitcoin and Ethereum on their brokerage platform.

Our recommended alternative for users in the UK and Europe is eToro. They are the largest multi-asset brokerage in the world that offers over 3,000 cryptocurrencies, stocks, ETFs and other assets for industry-leading fees. eToro is trusted by over 30 million investors and is regulated by the Financial Conduct Authority in the UK and ESMA in Europe.

Top Trading 212 Crypto Alternative
5.0 out of 5.0 by Datawallet.
eToro is the top alternative to Trading 212 for crypto due to its regulated platform, extensive range of cryptocurrencies, and competitive fee structure.
Licensing & Regulation
Financial Conduct Authority (FCA), ESMA, CySEC and FINRA.
Available Assets
70+ Cryptos an 3,000 other assets.
GBP & EUR Deposit Methods
Bank Transfer, SEPA Transfers, Faster Payments, Debit Card, Credit Card, PayPal and more

Content Guide

Can you Buy Crypto on Trading 212?

No, Trading 212, does not allow direct purchasing or trading of cryptocurrencies like Bitcoin or Ethereum. Primarily, it caters to conventional investments, including stocks, bonds, and ETFs.

However, Trading 212 provides indirect access to the crypto market through crypto-related stocks and ETFs. Investors can opt for funds focusing on cryptocurrency-linked businesses or those tracking a collection of digital assets, thereby gaining indirect exposure to the cryptocurrency sector.

How to Buy Crypto with a Trader 212 Alternative

The best alternative to Trading 212 for cryptocurrency and traditional asset investing is eToro. Their platform offers over 70 cryptocurrencies and 3,000 stocks, ETFs, commodities, currencies and other assets with industry-leading fees. They are a licensed and regulated platform in the UK and Europe that offers instant and cheap deposits from all major banks and payment methods.

Here is a simple step-by-step guide to getting started:

  1. Create a free account on eToro and complete the onboarding process.
  2. Select the 'Deposit Funds' button on the bottom left of your screen.
  3. Select the currency you want to deposit and your payment method, then send funds from your bank account.
  4. Complete the deposit and open the search bar to buy your desired token.
Best Trading 212 Alternative

What are the Fees?

The costs associated with buying Bitcoin and other cryptocurrencies will depend on the selected platform. Key fees to consider are deposit fees, withdrawal fees, spread percentages, and transaction fees.

We suggest eToro as a cost-effective option for Uk and European-based investors, as it provides free GBP or EUR deposits and commission-free trading. The main expense when purchasing cryptocurrencies on eToro is a 1% spread, making it more competitive than alternatives like Coinbase or Kraken, which impose fees exceeding 2%.

Will Trading 212 Offer Crypto?

Trading 212 is a UK-based online brokerage that offers trading in a variety of financial instruments including forex, shares, indices, commodities, and ETFs. As of 2021, Trading 212 does not offer trading in cryptocurrencies. However, the company has indicated that it plans to offer crypto trading in the future but has not provided a specific timeline. It is always best to check the company's website or contact them directly for the most up-to-date information.

Bottom Line

In summary, Trading 212 doesn't support direct crypto trading but offers indirect exposure via related stocks and ETFs. For a comprehensive crypto trading experience, we recommend eToro, a regulated platform with competitive fees and a wide range of cryptocurrencies. When choosing a platform, consider factors like deposit, withdrawal, and transaction fees. Keep an eye on Trading 212's offerings, as they may reintroduce crypto trading in the future.

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